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Nintendo Stock Crashes Nearly 7% After June’s Direct Lacks New 3D Mario Game — Investors Sour Despite Fan-Favorite Lineup

3D render of Mario in a red hat with 'Nintendo Direct' text above him on a white background.

Fans’ sentiment about yesterday’s Nintendo Direct may have been quite positive, but the stock market disagrees. Today, the stock fell as much as 8% before climbing back a bit to -6.75%, and analysts are blaming it on the lineup’s lack of heavy hitters, like a new Super Mario game. According to Reuters, Jefferies ​analyst Atul Goyal wrote in a client ‌note: The lack of a mainline 3D Mario for this year’s ​holiday shopping season is commercially meaningful. The ⁠Switch 2 launched last June with titles including Mario Kart World and, later, Donkey Kong Bananza. Year 2 now enters the ​holiday […]

Read full article at https://wccftech.com/nintendo-stock-crash-june-direct-no-3d-mario/